As a hypothesis, I propose that humanity may be undergoing a rapid transition from the biological to the psychic phase of species evolution in the next few years. The inertia of physical forces, chemical processes and cellular mechanisms, precisely coordinated over billions of years, has brought us to this make or break point. In order to continue our evolution, we need to reach a deeper level of species consciousness and self-awareness, transform our planetary culture and social systems so they serve the entire community of life, and integrate and anchor psychic capacities as part of a new paradigm and mythological substrate. This shift would also require a different approach to technological progress. We would use technology to create long-term benefits for people and planet, rather than shortsighted profits for individuals and corporations.